I doubt that people will be putting another $1.5 trillion into bitcoin in the next year (at $100,000 that would be its estimated market cap). That would be as much as half of all the cash money in the US. But John McAfee predicted it would hit $1 million by the end of the year or he will eat his private parts. Been hearing $100,000 predictions for a long time now. Pump and dump?

why I should worship the state (who apparently is the only party that can possess guns without question).
The state's only purpose is to kill and control. Why do you worship it? - Sola_Fide
Baptiste said.At which point will Americans realize that creating an unaccountable institution that is able to pass its liability on to tax-payers is immoral and attracts sociopaths?

I doubt that people will be putting another $1.5 trillion into bitcoin in the next year (at $100,000 that would be its estimated market cap). That would be as much as half of all the cash money in the US.

Could you be any more deceptive?

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

Shouldn't be keeping large amounts on exchanges.. it's not the fault of the crypto, it's the fault of the exchanges for getting hacked.

Of course you and zippy (what's the difference anymore?) have had this explained to do you many, many times.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

Shouldn't be keeping large amounts on exchanges.. it's not the fault of the crypto, it's the fault of the exchanges for getting hacked.

Of course you and zippy (what's the difference anymore?) have had this explained to do you many, many times.

I'm sorry but when theft of funds are so endemic and rampant (perhaps even intrinsic to the system itself), never recovered and rarely is there any enforcement against perpetrators, at what point do you accept that it's little more than the world's riskiest casino, and not a medium of exchange or even an asset? A casino where not only are you likely to lose your money playing the game but are also at high risk of being robbed on the casino floor while security does nothing?

"Let it not be said that we did nothing." - Ron Paul

The entire internet is the domain of paid shills and bots. If you don't know this by now....

Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

I'm sorry but when theft of funds are so endemic and rampant (perhaps even intrinsic to the system itself), never recovered and rarely is there any enforcement against perpetrators, at what point do you accept that it's little more than the world's riskiest casino, and not a medium of exchange or even an asset? A casino where not only are you likely to lose your money playing the game but are also at high risk of being robbed on the casino floor while security does nothing?

My crypto is more secure than any of your assets, so i have no idea what you are referring to. Maybe you should learn more about how crypto works and what occurring with the exchange thefts before commenting.

Keeping the bulk of your funds off exchanges is something that has been emphasized since before any of the major exchange thefts.

My crypto is more secure than any of your assets, so i have no idea what you are referring to. Maybe you should learn more about how crypto works and what occurring with the exchange thefts before commenting.

Keeping the bulk of your funds off exchanges is something that has been emphasized since before any of the major exchange thefts.

That's like saying that holding your chips inside the casino carries a risk of being robbed inside the casino and therefore when you gamble in a casino you should keep your chips outside the casino and only bring in a chip whenever you want to place a single bet on a single game. Otherwise, if you get robbed on the casino floor it's your fault for bringing your chips inside and expecting security. Absurd. The really scary part is the most likely perpetrators of the casino floor chip theft is the casino "security" itself.

Hardware wallets are considered to be the most secure type of cryptocurrency wallet. However, nothing is 100% secure, and they can be compromised just as well. At the 35th Chaos Communication Congress, security researchers Thomas Roth, Dmitry Nedospasov, and Josh Datko demonstrated several ways to do it. But before we jump into hacking, a little background on what a hardware wallet actually is and how it works.

What is a cryptocurrency wallet?
First of all, let’s talk a bit about what a cryptocurrency wallet is in general. To put it simply, a wallet is a cryptocurrency account. The “account” consists of a pair of cryptographic keys, one public and one private. These two keys have some resemblance to login and password pairs: The public key is used as a wallet address, and the private key is used to access coins — that is, to sign outgoing transactions.

Another thing worth mentioning is how multiple public–private key pairs are generated in cryptocurrency systems for multiple wallets belonging to the same person. It might be inconvenient to store several completely independently generated key pairs. So what cryptocurrency systems really do is generate just one big number called a cryptographic seed and derive multiple public–private key pairs from the seed in a predictable manner for multiple wallets.

This one big number — the cryptographic seed — is what a user of a cryptocurrency system actually stores.

Unlike traditional financial systems, cryptocurrencies usually have no centralized authority, no registration mechanisms, nothing like chargeback insurance, and no account recovery options. Anyone who owns the cryptographic seed and therefore the keys derived from it, owns the corresponding cryptocurrency wallets. And if the seed is stolen or lost, so are the coins in the wallets.

By the way, formally a wallet is a pair of public–private keys. However, most of the time means of storing those keys are also referred to as wallets. If you put it this way, a hardware wallet is a device that stores cryptocurrency wallets. Easy, right?

Why would anyone need a hardware cryptocurrency wallet?
As you can imagine, it’s a good idea to keep this Very Important Seed as safe as possible. There are plenty of ways to store the seed, each with pros and cons. The most convenient method is storing the seed either in your computer or smartphone, or, even handier, online. However, malware hunting for cryptocurrency wallets is not uncommon at all. As for the online wallet services, they can be hacked and even go bankrupt, with large amounts of coins disappearing.

On top of that, further problems plague wallets, including phishing, payment information spoofing, loss of wallets due to hardware failure, and so on and so forth — so much so that at some point people decided to solve the mess by making hardware cryptocurrency wallets, dedicated devices designed to store cryptographic seeds reliably and safely.

However, even storing cryptographic seeds in a protected chip doesn’t make Ledger’s device entirely impenetrable. For one thing, although it is very hard to hack into a Secure Element directly and steal a cryptographic seed, it’s relatively easy to compromise a general purpose microcontroller and thereby deceive a hardware wallet to confirm an outsider’s transactions.

Researchers inspected the Ledger Nano S firmware and found that it can be re-flashed with a compromised version if a certain value is written to a certain memory address. This memory address is blacklisted to make it unwritable. However, the microcontroller that is used in the device supports memory remapping, which changes the address to accessible. Researchers exploited this feature and uploaded modified firmware into the Nano S. For demonstration purposes, this modified firmware contained a Snake game. However, this modified firmware could contain, for example, a malicious module that changes wallet addresses in all outgoing transactions.

An alternative approach to compromise a hardware wallet is to use a hardware implant. Josh Datko managed to insert into a Ledger Nano S a cheap RF-triggered implant that pushes the confirmation button upon receiving a malicious radio command. The same method probably works with any hardware wallet; the researcher chose Ledger Nano S because it is one of the smallest, and therefore the most challenging for this physical attack.

Another device by the same manufacturer, the Ledger Blue, turned out to be vulnerable to side-channel attacks. Ledger Blue is a hardware wallet with a really large display and a big battery. It has a circuit board design flaw that leaks pretty distinguishable RF signals when the user is entering a PIN code. Researchers recorded the signals and trained a machine-learning algorithm to recognize them with 90% accuracy.

These don't seem to be very big issues and can be addressed over time.

In the mean time, the first one where they can change the receipt address - if it is re-flashed then I'm guessing they would have to restore their wallet to the device and that would be a huge red flag. If it is possible that your device was compromised before sending large amounts, because your device needed to have the wallet restored, or someone malicious may have had access to it - you can do a small test transaction you can verify that it sent to the correct address. If it is hacked, then you can restore your wallet to a new device with valid firmware. Or you can just restore your wallet to a new device with valid firmware and throw the other one away and forget about the test transaction.

The second one seems to first require that the hacker first has direct access to the device and install physical hardware into it. Then they would have to have their device plugged in and logged in to do anything malicious, and I don't know if that can be done without the user noticing.

The third one was specific to a specific device, and requires the user to login, and then the hacker has access to the device afterward.

All of these would be extremely difficult for anyone to actually pull off, it would probably be easier to steal somebody's gold or other expensive items. Precautions can be taken in the mean time, and longterm fixes on these issues will make these devices even more secure than they already are.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

That's like saying that holding your chips inside the casino carries a risk of being robbed inside the casino and therefore when you gamble in a casino you should keep your chips outside the casino and only bring in a chip whenever you want to place a single bet on a single game. Otherwise, if you get robbed on the casino floor it's your fault for bringing your chips inside and expecting security. Absurd. The really scary part is the most likely perpetrators of the casino floor chip theft is the casino "security" itself.

The problem is not putting some bitcoin onto exchanges and immediately converting it to cash, or converting some cash into bitcoin and taking most of it off the exchanges right away. The problem comes from storing large amounts of your bitcoin on the exchange.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

The problem is not putting some bitcoin onto exchanges and immediately converting it to cash, or converting some cash into bitcoin and taking most of it off the exchanges right away. The problem comes from storing large amounts of your bitcoin on the exchange.

It's exactly like that. Could you imagine if stock brokerages blamed shareholders for not ordering paper stock certificates when their shares are inevitably stolen right out of their brokerage account and the brokerages do nothing about it? It's ridiculous.

"Let it not be said that we did nothing." - Ron Paul

The entire internet is the domain of paid shills and bots. If you don't know this by now....

Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

It's exactly like that. Could you imagine if stock brokerages blamed shareholders for not ordering paper stock certificates when their shares are inevitably stolen right out of their brokerage account and the brokerages do nothing about it? It's ridiculous.

Don't they have insurance if something happens?

You can also sue for bitcoin reimbursement. I have a settlement with Mt. Gox, if they ever pay out, which they almost did, and may be able to eventually, I will get a little bit of bitcoin back that I had back in the day. It was only worth about $30 at the time, but now it would be worth a few thousand dollars if I'm able to recover.

The idea that the "brokerages do nothing about it" doesn't make any sense whatsoever. They try very hard to hold onto their customers bitcoin. If it gets lost, the customers are still owed their bitcoin, but if the exchange can't pay then they go under.

This is the kind of stuff that is getting better over time, there is a learning and adjustment period. It will never be perfect, but nothing is. Eventually bitcoin will be insured, if it isn't in some cases already. But this adjustment period and the difficulties associated is why those involved deserve to profit when the rest of society is able to benefit, and breakaway from the banking cabal. And you aren't doing jack $#@! to help in the mean time.

Last edited by dannno; 01-23-2020 at 05:42 PM.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

You can also sue for bitcoin reimbursement. I have a settlement with Mt. Gox, if they ever pay out, which they almost did, and may be able to eventually, I will get a little bit of bitcoin back that I had back in the day. It was only worth about $30 at the time, but now it would be worth a few thousand dollars if I'm able to recover.

The idea that the "brokerages do nothing about it" doesn't make any sense whatsoever. They try very hard to hold onto their customers bitcoin. If it gets lost, the customers are still owed their bitcoin, but if the exchange can't pay then they go under.

This is the kind of stuff that is getting better over time, there is a learning and adjustment period. It will never be perfect, but nothing is. Eventually bitcoin will be insured, if it isn't in some cases already. But this adjustment period and the difficulties associated is why those involved deserve to profit when the rest of society is able to benefit, and breakaway from the banking cabal. And you aren't doing jack $#@! to help in the mean time.

actually some exchanges do have insurance, the big ones. Coinbase for sure, I believe a few of the other top ones.

“…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

You can also sue for bitcoin reimbursement. I have a settlement with Mt. Gox, if they ever pay out, which they almost did, and may be able to eventually, I will get a little bit of bitcoin back that I had back in the day. It was only worth about $30 at the time, but now it would be worth a few thousand dollars if I'm able to recover.

That's not very persuasive. You have a settlement and have nothing whatsoever to show for it except a declaration that you have a settlement. And good luck suing some offshore exchange. There's the question of whether there's even jurisdictional ability to file a suit and then you go bankrupt paying an international law attorney to try to get money from an entity that exists only a post office box in a third world country lol.

The idea that the "brokerages do nothing about it" doesn't make any sense whatsoever. They try very hard to hold onto their customers bitcoin. If it gets lost, the customers are still owed their bitcoin, but if the exchange can't pay then they go under.

The BitConnect class lawsuit is falling apart after a judge dismissed three of the defendants in the case. According to a lawsuit judgement, the case now lies in jeopardy with the threat of being tossed out, after defendants from India, Vietnam and other countries were dismissed.

On a ruling made by Judge Middlebrooks on the 9th of January, plaintiffs were refused an extension to serve the defendants in a renewed filing from late last year. The latest ruling follows a number of dismissals in the past as the plaintiffs were not able to serve the accused persons across the globe.

^^^^^^^Yep, just file a lawsuit, he says.

This is the kind of stuff that is getting better over time, there is a learning and adjustment period. It will never be perfect, but nothing is. Eventually bitcoin will be insured, if it isn't in some cases already. But this adjustment period and the difficulties associated is why those involved deserve to profit when the rest of society is able to benefit, and breakaway from the banking cabal. And you aren't doing jack $#@! to help in the mean time.

Sorry, I hate ponzi schemes and I only like real money, not NSAcoins.

"Let it not be said that we did nothing." - Ron Paul

The entire internet is the domain of paid shills and bots. If you don't know this by now....

Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

That's not very persuasive. You have a settlement and have nothing whatsoever to show for it except a declaration that you have a settlement. And good luck suing some offshore exchange. There's the question of whether there's even jurisdictional ability to file a suit and then you go bankrupt paying an international law attorney to try to get money from an entity that exists only a post office box in a third world country lol.

Bitconnect was an obvious scam, not sure how that is related to crypto other than they used tokens to run the scam.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

Bitconnect was an obvious scam, not sure how that is related to crypto other than they used tokens to run the scam.

It's a huge scammer space overall and also shows how your claim to just file a lawsuit is ridiculous. Cryptos are international scammer heaven.

eta: It's also fun to occasionally browse the latest crypto news to read about the latest "hack" where millions of dollars of coins disappeared (which means the associated millions of dollars spent to purchase them disappeared) or how Tom Lee's latest call for a crypto moonshot was paid for by the issuer of that crypto, etc.

Last edited by devil21; 02-11-2020 at 11:31 PM.

"Let it not be said that we did nothing." - Ron Paul

The entire internet is the domain of paid shills and bots. If you don't know this by now....

Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

It's a huge scammer space overall and also shows how your claim to just file a lawsuit is ridiculous. Cryptos are international scammer heaven.

eta: It's also fun to occasionally browse the latest crypto news to read about the latest "hack" where millions of dollars of coins disappeared (which means the associated millions of dollars spent to purchase them disappeared) or how Tom Lee's latest call for a crypto moonshot was paid for by the issuer of that crypto, etc.

The fact that you think any of those things even remotely compares to the scam being run by the Federal Reserve on the population as a whole is laughable.. it's also mostly growing pains, nothing will ever be perfect. But the fact is that crytpo has not been hacked yet. it is the exchange servers that get hacked. The fact that you don't mention that means you are being dishonest.

Much of these issues will largely disappear in the future as insurance and other mitigating factors are introduced.

"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."